SUMMARY CONSOLIDATED STATEMENT OF FINANCIAL POSITION
as at 31 March 2020
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Notes | 2020 ZAR’m |
Restated1,2 2019 ZAR’m |
Restated1 2018 ZAR’m |
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ASSETS | |||||||||
Non-current assets | 25 408 | 23 684 | 24 101 | ||||||
Property, plant and equipment | 1 | 17 737 | 17 279 | 17 585 | |||||
Goodwill and other intangible assets | 4 337 | 4 283 | 4 190 | ||||||
Investments and loans | 351 | 238 | 123 | ||||||
Amounts due from related parties | 9 | 224 | 180 | 1 191 | |||||
Derivative financial instruments3 | 8 | 634 | 282 | – | |||||
Deferred taxation | 2 125 | 1 422 | 1 012 | ||||||
Current assets | 20 849 | 17 319 | 14 477 | ||||||
Inventory | 874 | 924 | 461 | ||||||
Programme and film rights | 4 750 | 5 133 | 4 910 | ||||||
Trade and other receivables | 3 888 | 4 095 | 4 827 | ||||||
Amounts due from related parties | 9 | – | – | 139 | |||||
Derivative financial instruments3 | 8 | 1 733 | 444 | 96 | |||||
Restricted cash4 | 459 | – | – | ||||||
Cash and cash equivalents | 9 145 | 6 723 | 4 044 | ||||||
Total assets | 46 257 | 41 003 | 38 578 | ||||||
EQUITY AND LIABILITIES | |||||||||
Equity reserves attributable to the group’s equity holders | 12 722 | 12 054 | (4 650) | ||||||
Share capital | 4 | 454 | – | – | |||||
Other reserves | (13 048) | (12 445) | (7 156) | ||||||
Retained earnings2 | 25 316 | 24 499 | 2 506 | ||||||
Non-controlling interests2 | (2 917) | (2 259) | (1 343) | ||||||
Total equity | 9 805 | 9 795 | (5 993) | ||||||
Non-current liabilities | 18 181 | 15 186 | 28 526 | ||||||
Lease liabilities3 | 1 | 16 894 | 14 441 | 12 784 | |||||
Long-term loans and other liabilities | 78 | 59 | 189 | ||||||
Amounts due to related parties | 9 | 185 | 134 | 15 000 | |||||
Derivative financial instruments | 8 | 3 | 4 | 404 | |||||
Deferred taxation | 1 021 | 548 | 149 | ||||||
Current liabilities | 18 271 | 16 022 | 16 045 | ||||||
Lease liabilities3 | 1 | 2 057 | 1 290 | 819 | |||||
Programme and film rights3 | 4 085 | 2 493 | 2 206 | ||||||
Provisions | 140 | 136 | 169 | ||||||
Accrued expenses and other current liabilities1 | 1 | 9 223 | 9 761 | 9 483 | |||||
Amounts due to related parties | 9 | – | – | 316 | |||||
Derivative financial instruments | 8 | 116 | 218 | 1 105 | |||||
Taxation liabilities1,3 | 1 | 2 650 | 2 124 | 1 947 | |||||
Total equity and liabilities | 46 257 | 41 003 | 38 578 |
1 | Restated for change in accounting policy, refer to note 1 for details of restatement. |
2 | FY19 retained earnings and non-controlling interests line items have been restated. This is in relation to the prior year empowerment transaction with PN. The group reallocated a portion of its prior year retained earnings to non-controlling interests. As this transaction was accounted for within equity, the restatement had no impact on the summary consolidated income statement and summary consolidated statement of cash flows. |
3 | Increase primarily relates to the ZAR depreciation against the USD from a closing rate of ZAR14.50 in FY19 to ZAR17.86 in FY20. |
4 | Restricted cash comprises initial margin deposits on Nigerian futures hedging instruments that are not highly liquid and have maturities of greater than three months. The increase from the prior year is due to the group increasing the level of cover on these instruments. |